Acadia Healthcare Company, Inc. (NASDAQ:ACHC) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in Acadia Healthcare Company, Inc. (NASDAQ:ACHC) by 7.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,735 shares of the company’s stock after acquiring an additional 730 shares during the quarter. State of Alaska Department of Revenue’s holdings in Acadia Healthcare were worth $680,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ACHC. Blue Trust Inc. increased its holdings in shares of Acadia Healthcare by 86.1% in the 2nd quarter. Blue Trust Inc. now owns 536 shares of the company’s stock valued at $36,000 after acquiring an additional 248 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Acadia Healthcare by 57.1% in the 3rd quarter. GAMMA Investing LLC now owns 663 shares of the company’s stock valued at $42,000 after acquiring an additional 241 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Acadia Healthcare in the 2nd quarter valued at about $59,000. DekaBank Deutsche Girozentrale purchased a new position in Acadia Healthcare during the 3rd quarter worth approximately $86,000. Finally, nVerses Capital LLC purchased a new position in Acadia Healthcare during the 2nd quarter worth approximately $95,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on ACHC shares. KeyCorp started coverage on Acadia Healthcare in a research note on Friday, October 11th. They set a “sector weight” rating on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $90.00 price target on shares of Acadia Healthcare in a research note on Tuesday, October 1st. Barclays dropped their price target on Acadia Healthcare from $83.00 to $76.00 and set an “overweight” rating on the stock in a research note on Monday, September 30th. Royal Bank of Canada restated an “outperform” rating and set a $94.00 price target on shares of Acadia Healthcare in a research note on Friday, September 20th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Acadia Healthcare from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Acadia Healthcare currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.67.

Acadia Healthcare Stock Performance

Acadia Healthcare stock opened at $42.49 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average of $64.29 and a two-hundred day moving average of $67.36. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.33 and a beta of 1.33. Acadia Healthcare Company, Inc. has a fifty-two week low of $41.42 and a fifty-two week high of $87.77.

Acadia Healthcare (NASDAQ:ACHC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. The company had revenue of $815.60 million during the quarter, compared to the consensus estimate of $819.42 million. Acadia Healthcare had a return on equity of 11.12% and a net margin of 8.99%. Acadia Healthcare’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. On average, analysts anticipate that Acadia Healthcare Company, Inc. will post 3.38 EPS for the current fiscal year.

About Acadia Healthcare

Acadia Healthcare Company, Inc provides behavioral healthcare services in the United States and Puerto Rico. The company develops and operates acute inpatient psychiatric facilities, specialty treatment facilities comprising residential recovery facilities and eating disorder facilities, comprehensive treatment centers, and residential treatment centers, as well as facilities offering outpatient behavioral healthcare services for the behavioral healthcare and recovery needs of communities.